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•Ukraine will introduce European cargo transit rules as part of
systemic customs reform, according to a post on the Finance Ministry
website, multiple sources reported. Ukraine's participation in the
common transit regime would make guarantees issued by Ukrainian banks
valid in the confines of all parties to the convention and remove the
necessity of declaring exported goods at the EU border because that
will be done in Ukraine.

•China's CNBM International Corp. is weighing a court challenge of
the decision by the Rada to cut the feed-in tariff for large solar
power plants, company Chairman Jinsong Zhang told Interfax Ukraine.
The company said the payback period of CNBM's solar power plants
sharply increased because of the Rada decision. He believes it is
discriminatory toward Chinese investment and sends a bad signal to
investors overall.

•The revenue target in Ukraine's 2017 national budget is $27
billion, of which about $25 billion is designated for the general
fund, Interfax Ukraine reported. That is 20.3 percent and 17.1
percent more, respectively, than the revenue target for 2016.

•Italian flagship air carrier Alitalia intends to resume flights
between Rome and Kyiv starting May 2, multiple sources reported.
Passengers will depart at 11 p.m. from Rome Fiumicino Airport and at
5 a.m. from Kyiv International Airport (Zhuliany). The flight
duration is about three hours. In other airline news, Yanair is
looking to expand its service from various Ukrainian cities to Tel
Aviv.

•As of the end of 2016, 277 Ukrainian agricultural businesses are
working in the European market, an increase of 39 from 2015, Agrarian
Policy and Food Minister Taras Kutovyi said, according to multiple
sources. He said foreign market penetration for Ukrainian
agricultural producers is expected to increase thanks to an increase
in organic food production output.

•Infrastructure Minister Volodymyr Omelian said Ukraine could
attract large amounts of investment thanks to the expected arrival of
major global port operators such as Hutchison Ports and DP World,
Ukrinform reported. Omelian said Hutchison
specialists have already evaluated the port's capacity, logistics and
cargo traffic.

•Ukraine’s Infrastructure Ministry is now in talks with two
investors, both Western companies, that are ready to build the first
section of toll road in Ukraine, Infrastructure
Minister Volodymyr Omelian was quoted by
various sources as saying. Omelian also said that in 2017, the
Infrastructure Ministry plans to allocate up to $112 million to
restore bridges across the country.

•Budget subsidies to support Ukrainian farming will be distributed
proportionally to the cost of agricultural products that farmers
sold, Interfax Ukraine reported. About $11 million is envisioned for
the program to compensate credit rates to farmers, including support
for cattle breeding, hop growing, and new orchards, vineyards and
berry fields.

•Pork production increased 4 percent year over year during the
first 11 months of 2016, Ukrinform reported, citing the Ukrainian Pig
Breeders' Association.

•Ukraine boosted
production and exports of corn starch in
November by
60 percent year
over year, according to UkrAgroConsult, Unian
reported.

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